Foster, RI is a small town located between Providence and the beaches of Rhode Island. With an average two-bedroom rent of $1,500, it is slightly more expensive than the national average of $1,430. The grocery cost index in Foster is 107 versus the US average of 100. Despite the slightly higher costs for living in Foster, it is still a great place to live thanks to its convenient location and access to local businesses. Popular local companies include Thirsty Beaver Brewery, Hi-Way Diner, KLM Auto Parts & Supplies, and Joe's Pizza & Subs.
Foster has an unemployment rate of 7.2%. The US average is 6.0%.
Foster has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Foster
- The Sales Tax Rate for Foster is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Foster is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Foster
- The average income of a Foster resident is $36,184 a year. The US average is $28,555 a year.
- The Median household income of a Foster resident is $99,892 a year. The US average is $69,021 a year.